C and D agree to form a partnership. C is to contribute $50,000 in assets and to

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C and D agree to form a partnership. C is to contribute $50,000 in assets and to devote one-half time to the partnership. D is to contribute $20,000 and to devote full time to the partnership. How will C and D share in the division of net income or net loss? 
a) 5:2
b)1:1
c)1:2
d) 2.5:1
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Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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